Salisbury Housing Committee Inc
- Assets
- $6.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, CT
- Founding
- 02/1986
- Data as of
- 12/2023
- EIN
- 11-5309016
Organization Overview
Salisbury Housing Committee Inc is located in Salisbury, CT. The organization was established in 1986. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salisbury Housing Committee Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Salisbury Housing Committee Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $421.1k during the year ending 12/2023. While expenses have increased by 13.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME HOUSING TO QUALIFIED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SARUM VILLAGE - 16 UNIT LOW INCOME HOUSING COMPLEX.
SARUM VILLAGE II - 8 UNIT LOW INCOME HOUSING COMPLEX
LAKEVIEW - 6 UNIT LOW INCOME HOUSING COMPLEX
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Halle President | OfficerTrustee | 5 | $0 |
Jocelyn Ayer Vice President | OfficerTrustee | 5 | $0 |
Joseph Woodard Treasurer | OfficerTrustee | 5 | $0 |
Claire Held Secretary | OfficerTrustee | 2 | $0 |
Lisa Brennan Director | Trustee | 2 | $0 |
Carole Dmytryshak Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,111,690 |
| All other contributions, gifts, grants, and similar amounts not included above | $632,774 |
| Noncash contributions included in lines 1a–1f | $33,227 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,744,464 |
| Total Program Service Revenue | $316,585 |
| Investment income | $21,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,083,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,111 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,431 |
| Fees for services: Legal | $87 |
| Fees for services: Accounting | $19,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $245 |
| Office expenses | $6,838 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,716 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,374 |
| Insurance | $24,198 |
| All other expenses | $0 |
| Total functional expenses | $421,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $1,275,487 |
| Pledges and grants receivable | $436,731 |
| Accounts receivable, net | $3,553 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,101 |
| Net Land, buildings, and equipment | $4,485,999 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,209,021 |
| Accounts payable and accrued expenses | $505,683 |
| Grants payable | $0 |
| Deferred revenue | $1,416 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $955,485 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,219 |
| Total liabilities | $1,484,803 |
| Net assets without donor restrictions | $4,139,218 |
| Net assets with donor restrictions | $585,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,209,021 |